Post #1659911
2026-04-24 21:41 UTC
Replies (3)
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@LifeInMultipleChoice@lemmy.world 2026-04-25 00:17
It doesn't matter if it is fiat or not necessarily. But if I told you your money was going to be worth half tomorrow, then half again the next every day for the next 16 weeks... You would think shit... Maybe there is a better way to do this. That has happened to millions of people across several countries. They didn't wake up one day and choose it, but poof gone. Your entire life turned to nothing because we are using currency that isn't based on anything but a government that can collapse. Universal currencys not run by local governments could help prevent such. The thing is, large countries that don't have these problems currently, are the ones with power to change that.. and would never vote to change it, because it could help poorer countries create stability and grow over time, which makes them not so much less than the big countries who want to be able to take advantage of those countries when they wish for their advantage.
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@some_kind_of_guy@lemmy.world 2026-04-25 01:55
It's pretty good except for the money printing and federal control aspect. A global currency which belongs to the people seems desperately needed.
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@BygoneNeutrino@lemmy.world 2026-04-25 01:46
It's controlled by a government. A government that has trillions of dollars worth of real assets isn't nearly as safe or secure as digital currency backed by the block chain. It has been scientifically proven that human imagination is infinite. Bitcoin going to the moon isn't an assumption, it's a fact.